Building services provider J S Wright has been bought out by its senior management team. The Birmingham-based mechanical and electrical specialist, which was founded in 1890, is now owned by the team of five executive directors who have run the business for the past ten years. |
The buy-out of J S Wright, which is projected to become a £50m business this year, follows the retirement of previous owners and main board directors Peter Marsh, Edwin Moore and David Osborne, who stepped down from the day-to-day running of the company in 2006.
J S Wright specialises in the design and installation of mechanical and electrical (M&E) services for the hotel, residential, social housing, student accommodation, leisure and commercial sectors.
With more than 150 directly employed staff and further offices in Bristol and London, the company has a projected record turnover in excess of £50 million for 2017-18.
Current projects range from the fit-out of Birmingham’s Left Bank development to a record-breaking £27m M&E contract for Keybridge in London, incorporating the UK’s tallest residential apartment tower.